Token money is money that can be used for change for other money
Indicate whether the statement is true or false
false
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Which of the following is a major reason for offshoring?
a. Increased global demand for services, b. Greater worldwide competition, c. The gradual diminishing of global technological advances, d. All of the above are reasons for offshoring.
All of the following are reasons that health care costs have risen so much in the past few decades EXCEPT
A) the aging population. B) higher imports. C) new technologies. D) third party payments.
The simple model of competition among political parties long used by political scientists tends to lead to the practical solution of selecting the
A) optimal tariff. B) prohibitive tariff. C) zero (free-trade) tariff. D) the tariff rate favored by the median voter. E) the tariff rate supported by exporters.
If only two people are trading their endowments and no production is possible, then the equilibrium they reach will
A) be on their contract curve. B) result in unequal marginal rates of substitution for the two people. C) result in one person being worse off than with his or her endowment. D) All of the above.